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Peer-Reviewed Academic JournalInternational Journal of Applied Methods in Electronics and Computers
ISSN: 3023-4409DOI Prefix: 10.58190/ijamec
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Pages: 52-66

Predicting COVID-19 impact on demand and supply of cryptocurrency using machine learning

David OYEWOLA fingerprint•
Emmanuel DADA fingerprint•
Juliana NDUNAGU fingerprint•
Daniel Eneojo EMMANUEL fingerprint
Publication DateSeptember 30, 2021
Volume / IssueVol. 9, No. 3 (pp. 52-66)
subject

Abstract

In the wake of recent pandemic of COVID-19, we explore its unprecedented impact on the demand and supply of cryptocurrencies’market using machine learning such as Naïve Bayes (NB), Decision Trees (C5), Decision Trees Bagging (BG), Support Vector Machine (SVM), Random Forest (RF), Multinomial Logistic Regression (MLR), Recurrent Neural Network (RNN), Long Short Term Memory and Noise Bagging (NBG). The study employed Noise filters to enhance the performance of Decision Trees Bagging named NBG. Dataset utilized for this analysis were obtained from the website of Coin Market Cap, including: Binance Coin (BCN), BitCoin Cash (BCH), BitCoin (BTC), BitCoinSV (BSV), Cardano (CDO), Chainlink (CLK), CryptoCoin (CCN), EOS (EOS), Ethereum (ETH), LiteCoin (LTC), Monero (MNO), Stellar (SLR), Tether (TTR), Tezos (TZS), XRP (XRP), and daily data collected from exchange markets platforms spans from 2nd January 2018 to 7th July 2020. Auto encoder was utilized for the labelling of the trading strategies buy-hold-sell.
Keywords:BitcoinCryptocurrencySupport vector machineBagging

Author Affiliations

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How to Cite This Article

D. O., E. D., J. N., D. E. E. (2021). Predicting COVID-19 impact on demand and supply of cryptocurrency using machine learning. International Journal of Applied Methods in Electronics and Computers, 52-66. https://doi.org/10.18100/ijamec.958160